{"id":6718,"date":"2026-06-01T10:37:29","date_gmt":"2026-06-01T10:37:29","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=6718"},"modified":"2026-06-01T10:41:01","modified_gmt":"2026-06-01T10:41:01","slug":"cmr-green-technologies-ipo-review","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/cmr-green-technologies-ipo-review\/","title":{"rendered":"CMR Green Technologies IPO Review: Key Details, Company Overview, Industry Context & Financials"},"content":{"rendered":"

CMR Green Technologies IPO will open for subscription on June 3, 2026, and close on June 5, 2026. The public issue is a book-built offering worth \u20b9630.88 crore and consists entirely of an offer for sale (OFS) of 3.29 crore equity shares. There is no fresh issue component in the IPO.<\/span><\/p>\n

The company has fixed the price band at \u20b9182 to \u20b9192 per share. Investors can apply for a minimum lot size of 78 shares, requiring a minimum investment of \u20b914,976 at the upper end of the price band.<\/span><\/p>\n

For non-institutional investors, the minimum investment differs by category. The minimum application size for sNII investors is 14 lots or 1,092 shares, amounting to \u20b92,09,664. Meanwhile, bNII investors need to apply for at least 67 lots or 5,226 shares, translating to \u20b910,03,392.<\/span><\/p>\n

The basis of allotment is likely to be finalised on June 8, 2026, while the tentative listing date on NSE and BSE is June 10, 2026. Equirus Capital Pvt. Ltd. is managing the issue, while Kfin Technologies Ltd. is serving as the registrar.<\/span><\/p>\n

Company Overview<\/b><\/h2>\n

Incorporated in 2006, CMR Green Technologies Limited is one of India\u2019s leading non-ferrous metal recycling companies and a major player in the secondary aluminium market. The company specialises in manufacturing recycled aluminium alloys in both ingot and liquid forms, along with zinc alloy ingots and furnace-ready scrap of metals such as stainless steel, copper, brass, zinc, lead, and magnesium.<\/span><\/p>\n

CMR Green Technologies serves major automotive OEMs and Tier-1 suppliers across India through its network of strategically located recycling facilities. The company also manufactures aluminium billets used in automotive and industrial applications.\u00a0<\/span><\/p>\n

With a strong focus on sustainability, CMR promotes environmentally responsible metal recycling, helping reduce carbon emissions compared to primary aluminium production. Backed by experienced promoters and advanced recycling infrastructure, the company has built a strong presence in India\u2019s growing recycled metals industry.<\/span><\/p>\n

(<\/span><\/i>Source:<\/i><\/b> RHP<\/span><\/i><\/a>)<\/span><\/i><\/span><\/p>\n

Industry Context<\/b><\/h2>\n
    \n
  • India\u2019s recycled aluminium market is expanding rapidly due to rising industrialisation, infrastructure growth, and increasing demand from automotive, construction, packaging, and renewable energy sectors. The market is projected to nearly double by 2030, creating strong long-term growth opportunities.<\/span><\/li>\n
  • Aluminium recycling is emerging as a critical sustainability solution because recycled aluminium consumes nearly 95% less energy compared to primary aluminium production. This shift supports global decarbonisation goals while helping industries reduce carbon emissions and production costs significantly.<\/span><\/li>\n
  • Government initiatives such as the Vehicle Scrappage Policy, Extended Producer Responsibility (EPR), and National Resource Efficiency Policy are encouraging formal recycling ecosystems, higher recycled metal usage, and improved domestic scrap processing infrastructure across India.<\/span><\/li>\n
  • India currently recycles only around 40% of its recyclable metal waste, despite being one of the world\u2019s largest aluminium consumers. This gap presents a major opportunity for organised recyclers like CMR Green Technologies to scale operations and strengthen market leadership.<\/span><\/li>\n<\/ul>\n

    Business Strengths<\/b><\/h2>\n
      \n
    • One of India\u2019s largest non-ferrous metal recycler by installed capacity, with a strong presence in recycled aluminium and deep entry barriers supported by scale, technology, and long-standing automotive industry relationships.<\/span><\/li>\n
    • Pioneer in liquid aluminium supply with patented transportation systems and just-in-time delivery capabilities, helping customers reduce energy costs, improve efficiency, and lower carbon emissions significantly.<\/span><\/li>\n
    • Strong global sourcing network across 73 countries ensures stable raw material availability, while diversified procurement systems support efficient production planning and consistent customer deliveries.<\/span><\/li>\n
    • Long-term partnerships with leading OEMs and Tier-1 automotive companies, supported by strategic Japanese joint ventures that strengthen technical expertise, product quality, and market expansion opportunities.<\/span><\/li>\n
    • Technology-driven recycling operations with 13 strategically located facilities, advanced process controls, strong ESG focus, low defect rates, and extensive sustainability initiatives supporting India\u2019s circular economy transition.<\/span><\/li>\n<\/ul>\n

      Financial Performance<\/b><\/h2>\n

      CMR Green Technologies Limited \u2013 Financials (\u20b9 in Million) (Restated Consolidated)<\/b><\/h3>\n
      \n\n\n\n\n\n\n\n\n\n\n\n
      Particulars<\/th>\n31 Dec 2025<\/th>\nFiscal 2025<\/th>\nFiscal 2024<\/th>\nFiscal 2023<\/th>\n<\/tr>\n<\/thead>\n
      Revenue from operations<\/td>\n62,755.24<\/td>\n66,664.85<\/td>\n59,524.42<\/td>\n58,685.07<\/td>\n<\/tr>\n
      Total Income<\/td>\n62,910.03<\/td>\n66,966.63<\/td>\n59,684.44<\/td>\n58,898.95<\/td>\n<\/tr>\n
      EBITDA<\/td>\n3,244.38<\/td>\n3,037.17<\/td>\n2,174.04<\/td>\n2,070.14<\/td>\n<\/tr>\n
      Profit After Tax<\/td>\n1,623.94<\/td>\n1,550.38<\/td>\n(8,385.57)*<\/td>\n1,045.07<\/td>\n<\/tr>\n
      Total Borrowing<\/td>\n13,032.17<\/td>\n8,940.33<\/td>\n4,986.52<\/td>\n3,681.86<\/td>\n<\/tr>\n
      Debt To Equity Ratio (x)<\/td>\n0.76<\/td>\n0.58<\/td>\n0.36<\/td>\n0.15<\/td>\n<\/tr>\n
      Return on Net Worth<\/td>\n24.92%<\/td>\n31.08%<\/td>\n(265.90%)<\/td>\n8.17%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
      \u2190 Swipe horizontally to view full financial details \u2192<\/div>\n